Business, 25.09.2020 05:01 lillianesagoff7411

A new restaurant expects to generate a $700,000 cash flow in its first year of operation, $1,000,000 in its second, and $1,500,000 million in its third. The cash flows are expected to grow thereafter at a rate of 3.00% per year. The appropriate discount rate is 9.00% per year. Calculate the present value of future cash flows. Round your answer to the nearest whole dollar. For example, $2,371.24 should be entered as 2,371.

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A new restaurant expects to generate a $700,000 cash flow in its first year of operation, $1,000,000...